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Destination Maternity Q2 sales fall 2.1%
Philadelphia -- Destination Maternity its total sales for the second quarter fell 2.1% to $134.9 million from $137.8 million. The company attributed the drop to the closure of all of its remaining leased departments within Babies “R” Us stores in October, along with the closures of underperforming stores.
Despite the sales drop, Destination Maternity said it now expects its second-quarter profit to fall in the top half of its previously projected range of 38 cents to 44 cents per share, crediting tight management of its expenses.
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Report: Apple taps Foster + Partners to update store design
New York -- Apple has tapped Foster + Partners to refresh its store design, according to a report by Marketing.
The London-based architectural company has a history with Apple. It was hired by the late Steve Jobs to help design and create Apple’s new UFO-styled corporate headquarters, which is still under construction.